| Impact Distribution Services Limited |
| Registered number: |
04077470 |
| Balance Sheet |
| as at 31 January 2017 |
|
|
Notes |
|
|
2017 |
|
|
2016 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
17,997 |
|
|
14,369 |
|
| Current assets |
| Debtors |
5 |
|
254,583 |
|
|
270,632 |
| Cash at bank and in hand |
|
|
96,488 |
|
|
81,994 |
|
|
|
351,071 |
|
|
352,626 |
|
| Creditors: amounts falling due within one year |
6 |
|
(333,971) |
|
|
(296,262) |
|
| Net current assets |
|
|
|
17,100 |
|
|
56,364 |
|
| Net assets |
|
|
|
35,097 |
|
|
70,733 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
105 |
|
|
105 |
| Profit and loss account |
|
|
|
34,992 |
|
|
70,628 |
|
| Shareholders' funds |
|
|
|
35,097 |
|
|
70,733 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S. Drysdale Esq. |
| Director |
| Approved by the board on 12 September 2017 |
|
| Impact Distribution Services Limited |
| Notes to the Accounts |
| for the year ended 31 January 2017 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2017 |
|
2016 |
|
|
|
|
|
|
Number |
|
Number |
|
|
Average number of persons employed by the company |
67 |
|
61 |
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 February 2016 |
13,501 |
|
Disposals |
(13,501) |
|
At 31 January 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2016 |
13,501 |
|
On disposals |
(13,501) |
|
At 31 January 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of five years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Motor vehicles |
|
Total |
|
|
|
|
£ |
|
£ |
|
£ |
|
Cost |
|
At 1 February 2016 |
62,050 |
|
53,451 |
|
115,501 |
|
Additions |
11,449 |
|
- |
|
11,449 |
|
Disposals |
(19,526) |
|
- |
|
(19,526) |
|
At 31 January 2017 |
53,973 |
|
53,451 |
|
107,424 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2016 |
59,221 |
|
41,911 |
|
101,132 |
|
Charge for the year |
4,931 |
|
2,890 |
|
7,821 |
|
On disposals |
(19,526) |
|
- |
|
(19,526) |
|
At 31 January 2017 |
44,626 |
|
44,801 |
|
89,427 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2017 |
9,347 |
|
8,650 |
|
17,997 |
|
At 31 January 2016 |
2,829 |
|
11,540 |
|
14,369 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
225,092 |
|
239,022 |
|
Other debtors |
29,491 |
|
31,610 |
|
|
|
|
|
|
254,583 |
|
270,632 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade creditors |
26,319 |
|
13,966 |
|
Corporation tax |
3,861 |
|
4,841 |
|
Other taxes and social security costs |
95,531 |
|
91,568 |
|
Other creditors |
208,260 |
|
185,887 |
|
|
|
|
|
|
333,971 |
|
296,262 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Pension commitments |
|
|
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. |
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Rent of £60,000 was paid to Mr. Z. Hoffmann for the trading premises that the company occupies, on normal commercial terms. |
|
|
| 9 |
Other information |
|
|
Impact Distribution Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Anglo Dal House |
|
5 Spring Villa Park |
|
Edgware |
|
Middlesex |
|
HA8 7EB |
